FxPro vs HYCM (Henyep Capital Markets) 2023

FxPro is not publicly traded and does not operate a bank. FxPro is authorised by two Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). FxPro is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the European Union via MiFID.

HYCM is not publicly traded and does operate a bank. HYCM is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and the European Union via MiFID.

FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

To open a forex trading account with FxPro, you'll need to make an initial minimum deposit of $100.

FxPro requires a minimum deposit of $20 before you can open an account and start trading forex.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. FxPro offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas HYCM (Henyep Capital Markets) provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw)

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that HYCM (Henyep Capital Markets) offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that HYCM (Henyep Capital Markets) holds 3 global Tier-1 licenses, while FxPro holds 2. Both FxPro and HYCM (Henyep Capital Markets) hold 1 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that FxPro (90) earned a higher Trust Score than HYCM (Henyep Capital Markets) (88).

To compare the trading platforms of both FxPro and HYCM (Henyep Capital Markets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FxPro offers a better experience. With research, HYCM (Henyep Capital Markets) offers superior market research. Finally, we found FxPro to provide better mobile trading apps.

Here’s what trading platforms are available at FxPro:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - Yes
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

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Here’s what trading platforms are available at HYCM (Henyep Capital Markets):

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

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The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both FxPro and HYCM (Henyep Capital Markets) offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Copy trading is not offered by either broker.

FxPro and HYCM (Henyep Capital Markets) offer traders the same number of currency pairs, 70. If you are interested in trading CFDs, FxPro offers traders access to 2249 CFDs, while HYCM (Henyep Capital Markets) offers access to 1199 CFDs; so FxPro offers 1050 more CFDs than HYCM (Henyep Capital Markets).

We found in our testing that HYCM (Henyep Capital Markets) offers a more diverse selection of investment options than FxPro, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Cryptocurrency (Physical).